With Version 6, the payment plans have been enhanced to allow you to better comply with various client requests for plan end dates and number of payments.
The new features of the payment plans include the following:
From the Account Summary Tab, click the 
to display the payment plan screen.
Click the 
button and select Account or Debtor Level Payment Plans from the list
to display the new payment plan add screen.
As with payment plans, enter the Amount, Frequency, Begin Date, Responsible and/or Note. See How to Setup a Payment Plan.
Next set type of payment plan,
If there is a settlement already posted on any claim of the account, the payment plan type will automatically default to the first settlement entered on the account.
If there is no settlement, the payment plan will default to a Paid In Full Plan.
If the plan is neither a Settlement or Paid In Full Plan, do not check either box.
Note: The Payment Plan Projection process will use the payment type to figure the End Date and Payment Remaining. Selecting the proper payment plan type is essential to getting the proper projections and reporting.
Click the 
button to add the payment plan and project the End Date and Number of Payments Remaining.
The Payment Plan projection process uses the settlement amount or the amount to payoff the entire Account to calculate the End Date and Payments Remaining.
Note: If there are multiple claims on an account and the payment plan is coded as a paid in full plan, the process will use the total of all open claims to project the End Date and the Payments Remaining. You can modify the payment plan and set the End Date and Payments Remain Fields to any value you need. The Amortization can be used to figure the End Date and Payments Remaining for a single claim.
Modifications to the payment plan details or payment plan type will not automatically update the Projection fields. Once the modifications are saved, click the 
button to recalculate the Dates.
If posting a one-time payment, the project process will project the proper end date but the payments remaining will reflect how many payments it will take to payoff the account. User can change that to one if they would prefer.
The Amortization has been changed to allow the users to select the settlement amount to amortize.
You can select to a claim, multiple claims to amortize. Claims and Settlements cannot be amortized together. You must deselect either to choose the other.